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FARM Act of 2023
1/18/2024, 6:02 AM
Congressional Summary of HR 963
Future Agriculture Retention and Management Act of 2023 or FARM Act of 2023
This bill makes solar and wind electricity ineligible for certain renewable energy tax credits if the electricity was generated by facilities that a public utility placed on agricultural land.
Read the Full Bill
Current Status of Bill HR 963
Bill HR 963 is currently in the status of Bill Introduced since February 9, 2023. Bill HR 963 was introduced during Congress 118 and was introduced to the House on February 9, 2023. Bill HR 963's most recent activity was Referred to the House Committee on Ways and Means. as of February 9, 2023
Bipartisan Support of Bill HR 963
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
5Democrat Cosponsors
0Republican Cosponsors
5Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 963
Primary Policy Focus
TaxationAlternate Title(s) of Bill HR 963
FARM Act of 2023
FARM Act of 2023
Future Agriculture Retention and Management Act of 2023
To amend the Internal Revenue Code of 1986 to provide that the energy credit shall not apply to certain types of energy production on agricultural land, and for other purposes.
Comments
Sponsors and Cosponsors of HR 963
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